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Ron Chalmers, edmontonjournal.com
0 @/ r( p& v. YPublished: Wednesday, April 04, 2007' j# O* D+ P# ~/ t5 C) m
" S' H; i* M; W5 E7 l/ bAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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8 B4 N- u, [ F0 MEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.; Z) y* t- {/ X/ u
. ]' |* d% ]: E9 e9 GIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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& F+ c) Q* |6 j0 H8 L5 d; u v“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.$ L8 c2 t- O5 E& ?0 O
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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